Airea Plc · LSE:AIEA
Airea — Shareholder Meeting (May 2025)
23 slides from Airea's shareholder meeting presentation, May 7, 2025
Slide 1: 71st AGM
71st AGM tivoli® 7 May 2025 UK design-led specialist flooring company standing stones® eco-cordiale®
Slide 2: Chairman's statement
Chairman’s statement arctic® osaka UK design-led specialist flooring company 2
Slide 3: Experienced Board of Directors
Experienced Board of Directors Martin Toogood Médéric Payne Conleth Campbell Tanya Ashton Independent Non-Executive Chief Executive Officer Chief Financial Officer Independent Non-Executive Chairman Director Martin joined the Group as an Médéric joined the Group on 25 Conleth joined the Group on 2 T
Slide 4: Business update
Business update Médéric Payne CEO balance collection ® arctic ® UK design-led specialist flooring company 4
Slide 5: Key highlights for year ended December 2024
Key highlights for year ended 31 December 2024 Strong second half with sales growth of 6%, full year growth of 0.6% Business transformation nearing completion New upgraded manufacturing facility online third quarter 2025 Main objective of strengthening balance sheet achieved Enhanced Group
Slide 6: Financial overview
Financial overview Conleth Campbell CFO balance ratio® UK design-led specialist flooring company 6
Slide 7: Financial highlights
Financial highlights Group revenue Underlying operating profit Operating profit before valuation gain £21.2m £1.6m £0.7m (2023: £21.1m) (2023: £1.8m) (2023: £1.8m) Cash and cash equivalents Net cash Full-year dividend £2.1m £0.7m 0.60p (2023: £5.8m) (2023: £3.4m) (2023: 0.55p) UK design-led speciali
Slide 8: A strong second half performance
A strong second half performance £m 2024 2023 % Change • Strong half growth sales growth of 6.0%; Sales 21.2 21.1 0.6 • UK and ROI 4.5% ahead • International up 11.8% Operating costs (20.0) (19.8) 1.0 • Full year sales growth of 0.6%; Other operating income 0.4 0.5 (20.0) • UK and ROI 2.4% ahead • I
Slide 9: Investment continued, balance sheet strengthening initiatives
Investment continued, balance sheet strengthening initiatives £’000 2024 2023 EBITDA 1,115 2,550 Working capital (957) (186) • Capital expenditure increased due to strategic investment in manufacturing facility Net capital expenditure (2,212) (1,166) • Working capital increase, deposits of £1.0m for
Slide 10: Financing
Financing £m 2024 2023 Cash and cash equivalents 2.1 5.8 Coronavirus Business Interruption Loan - (1.4) Business loans (0.9) (0.5) Leased liabilities (0.5) (0.5) Net cash 0.7 3.4 • Outstanding CBILS balance of £0.9m fully settled in December 2024 • Business loan of £0.7m taken in November 2024, repa
Slide 11: Business transformation update and strategy
Business transformation update and strategy Médéric Payne CEO balance scale® UK design-led specialist flooring company 11
Slide 12: An introduction to our market leading brand
An introduction to our market leading brand British-made ISO 9001 Quality Broad customer flooring solutions Management and base including to create ISO 14001 architects, sustainable value Environmental specifiers and globally Management contractors systems - one of the UK’s leading designers and Eco
Slide 13: Transformational change on course
Transformational change on course Excellent progress on the strategic investment in manufacturing facility upgrade Substantial increase in capacity and quality capabilities Introducing innovation through Artificial Intelligence imagery and inspection technology Increase production throughput
Slide 14: Investing in 2024 for future growth
Investing in 2024 for future growth Phase one of strategic investment to deliver substantial increase in manufacturing capabilities Acceleration in innovation and sustainability Increase in number of new product launches driven by eco2matters® Launch of two new products, snowfall® and standi
Slide 15: National recognition for transformational progress
National recognition for transformational progress Successful transformation of the business is being recognised Strategic, commercial and sustainability progress commended Winner of Manufacturer of the Year (under £25m) at the Made in Yorkshire awards Represent the region in the Made in the
Slide 16: Sustainability principles - embedded across our business
Sustainability principles - embedded across our business We are committed to helping deliver a sustainable future because we believe that what we do matters. To help us deliver on this commitment, we have developed eco2matters®, our sustainability principles. We value our people, our customers, and
Slide 17: Increased focus on innovation and sustainability
Increased focus on innovation and sustainability Aligned to our eco2matters® sustainability principles focused approach on product quality, design, innovation and sustainability to meet customer demand and deliver commercial success In the carbon-neutral range, launched Products independently verifi
Slide 18: Regional recognition for sustainability credentials
Regional recognition for sustainability credentials Driven by its sustainability principles, eco2matters®, the Group has received a regional recognition We are delighted to announce our success as business of the year at the recent 2025 Yorkshire Business of the Year Awards in the Sustainability
Slide 19: Dynamic transformation to deliver future profitable growth
Dynamic transformation to deliver future profitable growth Continued investment in innovation and new product development In-house manufacturing enhanced with strategic investment Strong working relationships with customers New channels of B2B being developed Unparalleled service reputatio
Slide 20: Questions
Questions www.aireaplc.co.uk UK design-led specialist flooring company 20
Slide 21: Formal business
Formal business standing stones® UK design-led specialist flooring company 21
Slide 22: Thank you for attending
Thank you for attending www.aireaplc.co.uk UK design-led specialist flooring company 22
Slide 23: Disclaimer
Disclaimer For the purposes of this document, the presentation that follows (the "Presentation") shall mean and include the slides that follow, any oral briefing provided by Airea plc (the "Company") in connection with these slides, any question and answer session that follows that oral presentation